10944 Bluffside Drive, Studio City, CA 91604

$15,250,000 Approx. USD 0 beds, 0 baths
20,628 sqft

Agent Remarks

First time Offered for Sale by Developer Owners! Prime Studio City Location just steps from Ventura Blvd. Rare Opportunity to acquire a classic Hacienda style 40 unit Apartment Building on R-4 High density property. This Complex was built in 1983 and is NOT subject to Rent Control allowing for significant and immediate rental upside. Well maintained and freshly painted this building features 40 Studio/Jr 1 Bedroom units which are ALWAYS in HIGH DEMAND and FULLY RENTED. Present Owners have extensively remodeled 16 of the 40 units in the last 120 days proving new rent rates and high demand. Upgrades included new paint, new wood floors, new tiled floors in Kitchen and Bath, new bathrooms and more. All units have full kitchens with refrigerator, freestanding gas stove, microwave, stainless steel sink, garbage disposal and breakfast bar. Most units have gas fireplaces and nearly half have patios or balconies. Low maintenance Building keeps expenses down. Community laundry on premises. Close to all Major Studios, Freeways and Metro. A ?Once in a Life time? offering.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# SR16721876
List price is $15,250,000
Beds: 0
Baths: 0
Built in 1983
20,628 sqft
2 Story stories
0.61 acres
County: Los Angeles
Property style: Spanish
Zoning: LAR4
Parking type: Assigned,Parking for Guests - Onsite,Side by Side
Interior features: Open Floor Plan
Exterior features: Stucco
Appliances: Garbage Disposal,Refrigerator
Parking description: Covered Parking,Uncovered
Lot description: Lot-Level/Flat,Curbs,Lot Shape-Rectangular,Street Lighting,Sidewalks
Heating description: Heat Pump(s)
MLS area: Studio City (STUD)

Last Updated: 10/14/2016

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This listing belongs to the Studio City (STUD) MLS area

The style of this listing is Spanish.
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The listing is zoned LAR4.
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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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